JAKKS Pacific (NASDAQ:JAKK) Downgraded to Hold at StockNews.com

StockNews.com downgraded shares of JAKKS Pacific (NASDAQ:JAKK) from a buy rating to a hold rating in a report published on Friday morning.

JAKK has been the topic of a number of other research reports. Ascendiant Capital Markets lowered their target price on JAKKS Pacific from $41.00 to $38.00 and set a buy rating on the stock in a report on Monday, April 1st. TheStreet cut JAKKS Pacific from a b rating to a c+ rating in a report on Friday, March 1st.

JAKKS Pacific Stock Performance

Shares of NASDAQ:JAKK opened at $19.08 on Friday. The business’s fifty day moving average price is $25.26 and its two-hundred day moving average price is $27.83. The stock has a market cap of $206.06 million, a PE ratio of 7.01 and a beta of 2.34. JAKKS Pacific has a one year low of $15.30 and a one year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). The company had revenue of $90.08 million for the quarter, compared to analyst estimates of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.85%. As a group, equities research analysts predict that JAKKS Pacific will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JAKKS Pacific

Several hedge funds have recently made changes to their positions in JAKK. Allspring Global Investments Holdings LLC acquired a new stake in shares of JAKKS Pacific during the third quarter worth $86,000. SG Americas Securities LLC acquired a new stake in shares of JAKKS Pacific during the fourth quarter worth $192,000. Barclays PLC boosted its holdings in shares of JAKKS Pacific by 280.4% during the third quarter. Barclays PLC now owns 10,485 shares of the company’s stock worth $195,000 after purchasing an additional 7,729 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of JAKKS Pacific by 37.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock worth $196,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of JAKKS Pacific during the fourth quarter worth $203,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.